Canada Pension Plan Investment Board Buys 10,617 Shares of Citigroup Inc. $C

Canada Pension Plan Investment Board lifted its holdings in Citigroup Inc. (NYSE:C) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,458,772 shares of the company’s stock after buying an additional 10,617 shares during the period. Canada Pension Plan Investment Board owned approximately 0.26% of Citigroup worth $624,050,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cora Capital Advisors LLC lifted its holdings in Citigroup by 3.1% during the first quarter. Cora Capital Advisors LLC now owns 2,609 shares of the company’s stock valued at $296,000 after purchasing an additional 78 shares during the last quarter. CFS Investment Advisory Services LLC boosted its stake in Citigroup by 0.4% during the first quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock valued at $2,336,000 after buying an additional 79 shares during the period. Verus Capital Partners LLC increased its position in shares of Citigroup by 3.1% in the fourth quarter. Verus Capital Partners LLC now owns 2,748 shares of the company’s stock worth $321,000 after purchasing an additional 82 shares during the last quarter. Somerset Trust Co raised its position in shares of Citigroup by 0.6% during the 2nd quarter. Somerset Trust Co now owns 14,955 shares of the company’s stock valued at $2,093,000 after buying an additional 82 shares in the last quarter. Finally, CFO Capital Management LLC increased its position in shares of Citigroup by 1.5% during the 1st quarter. CFO Capital Management LLC now owns 5,495 shares of the company’s stock valued at $590,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Evercore set a $143.00 price objective on Citigroup in a research note on Monday, July 6th. Oppenheimer cut Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Zacks Research raised shares of Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Morgan Stanley increased their target price on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Finally, Argus set a $150.00 target price on Citigroup in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.22.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup experienced approximately $223 million in after-hours block trading, along with unusual options activity and bullish call sweeps. The activity suggests increased institutional interest and may have supported buying momentum. Citigroup Sees Unusual Options Activity and $223 Million Block Trade
• Positive Sentiment: Citigroup and India’s Axis Bank are partnering to capture more nonresident Indian deposits and increase dollar inflows. The initiative could strengthen Citi’s cross-border banking activity and support deposit growth. Citigroup, Axis Bank Partner to Boost NRI Dollar Inflows
• Positive Sentiment: Major banks including Citi are committing billions to affordable housing and expanded U.S. housing supply. The effort could create lending and advisory opportunities while improving Citi’s public-policy and community profile. Big Banks Commit Billions to Boost US Housing Supply
• Neutral Sentiment: Recent coverage noted that Citigroup outperformed the broader market during the latest session, but the article primarily reviewed past performance rather than identifying a new earnings or business catalyst. Citigroup Exceeds Market Returns
• Neutral Sentiment: Citi reported sustainable-finance commitments of $647.2 billion since 2020 and established new 2030 goals. The update may benefit its long-term franchise and relationships, but has limited immediate impact on earnings. Citi Reports Sustainable Finance Progress
• Negative Sentiment: Analyst commentary argues that Citigroup has improved but that much of its valuation upside may already be reflected in the stock, potentially limiting further gains. Citigroup Has Improved, But Upside Is Limited
• Negative Sentiment: A Goldman Sachs-versus-Citigroup comparison highlighted Goldman’s stronger earnings momentum, fee-based strategy and growth visibility, despite Goldman’s higher valuation. This may encourage investors seeking growth to favor GS over C. Goldman Versus Citigroup

Citigroup Stock Performance

Shares of NYSE:C opened at $133.40 on Wednesday. Citigroup Inc. has a one year low of $92.96 and a one year high of $147.96. The firm has a market cap of $227.52 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.59 and a beta of 1.12. The firm’s 50 day simple moving average is $136.82 and its 200-day simple moving average is $126.57. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business had revenue of $24.77 billion for the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter last year, the firm posted $1.96 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, equities analysts predict that Citigroup Inc. will post 11.2 EPS for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 3rd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s payout ratio is currently 28.94%.

Citigroup declared that its Board of Directors has authorized a share repurchase program on Thursday, May 7th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits the company to buy up to 13.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.